Damus
Jeff Booth profile picture
Jeff Booth
@Jeff Booth
It’s probably worth noting all of excess in US government spending that needs to be cut, will create a dangerous feedback loop and likely deflationary spiral because all of those excess jobs are also spending, buying homes, eating out, traveling, spending on marketing etc. When they stop/slow down - and then require social assistance - debt as a % of gdp screams higher.
Ie - That expansion of government and regulation is a direct consequence of manipulated markets trying to stop the natural deflation in free markets but also an integral part of them - robbing more jobs from the free market, and misallocating capital everywhere.

In other words, it’s going to be messy!

The debt needs to come down first and that means money printing and much higher inflation.
Or as @Lyn Alden memes so effectively “Nothing stops this train”

In either event - #Bitcoin is your lifeboat.
4
Daniel Morrissy · 66w
Seems ironic that the path to abundance is absolute scarcity.
Dennis Lake · 66w
It’s like how the body would respond to switching from a diet in highly processed foods to a diet high in beef (protein and fat).
Bitcoin4Lebanon · 66w
Few understand that in order to counter inflation, you have to increase the money supply, otherwise a deflationary bust and everything collapses! The only question is who get the money from the increase of the money supply! Bitcoin is the only hope and only path forward, it is inevitable! Why we do ...